September 29, 2022

To scale up UAV manufacturing, Johnnette raises close to a million dollar from oil manufacturer Hardcastle Petrofer

Johnnette Technologies, an Indian Drone manufacturer and the parent company of Indian Institute of Drones, the no. 1 Drone pilot training school in India raises close to a million dollars in Pre-Series A round from Hardcastle Petrofer, a leading Indian manufacturer of industrial oils.

New Delhi, Leading Indian UAV manufacturer Johnnette Technologies has raised close to a million dollars from Hardcastle Petrofer as it looks to scale up its UAV manufacturing and Drone pilot training business.

The global drone market is expected to experience remarkable growth in the coming years owing to the rise in the use of drones in military and commercial sectors all across the globe. The UAV sector holds tremendous opportunities and if unleashed, has the potential to transform many of the sectors and could contribute four-five per cent to India’s GDP, due to multiplier effect. As per NITI Aayog estimates, the Indian market for UAV will be 50 billion dollar over the next 15 years.

With a vision to create cutting edge drones and to meet the growing demand of drone pilots across the world, Lt. Cdr. John Livingstone – Founder and CEO, started his entrepreneurial journey after retiring from the Indian Navy and founded Johnnette Technologies Private Limited in 2014. Since then, the company has been a pioneer in the development of cutting-edge products for the Military and Commercial applications.

“The investment is intended to be utilised for product development and expansion of our team. We provide cost-effective and high-quality indigenous products to the defence forces and this investment will help us refine our existing line of products and enter the untapped market with a solution for industrial based applications.” says Lt. Cdr. Livingstone.

“The investment is intended to be utilised for product development and expansion of our team. We provide cost-effective and high-quality indigenous products to the defence forces and this investment will help us refine our existing line of products and enter the untapped market with a solution for industrial based applications”

-Lt. Cdr. John Livingstone, Founder and CEO, Johnnette Technologies Private Limited

“We are thrilled to associated with Johnnette Technologies and we strongly believe that the Indian drone industry will soon be the drone hub of the world” says Achal Jatia, Chairman, Hardcastle Petrofer.

“We are thrilled to associated with Johnnette Technologies and we strongly believe that the Indian drone industry will soon be the drone hub of the world”

-Achal Jatia, Chairman, Hardcastle Petrofer

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